Rebirth of the Financial Crisis Sweeping the World

Chapter 248 248 has gained 8.5 billion and lost 52.82 billion!

As Wang Guanxi wished!

Hang Seng Index continues to fall!

Falling below 18,000!

Keep falling!

In the past hour, the Hang Seng Index has fallen from 18,000 to 17,700.

It fell 300 points.

In Wang Guanxi's No. 1 fund trading account, there was a floating profit of 4,700 points, with a total floating profit of 4.7 billion Hong Kong dollars, and the net value of the account was as high as 5.3 billion Hong Kong dollars.

"Keep falling"

After the Hang Seng Index fluctuated at 17,700 for 20 minutes, it began to fall again!

5 minutes later, it dropped to 17650!

There is no need to stop, keep falling!

Finally closed at 17600!

Wang Guanxi's account has a floating profit of HK$4.8 billion, and the net value of the account has reached HK$5.4 billion.

Most Hong Kong stocks also continued to fall.

The stock prices of listed companies under the Hong Alliance, Zheng Group, and Huang Group are appalling.

Everyone at Black Shirt Insurance Company was extremely happy when they saw this scene.

"They're dead this time, haha!"

"There will definitely be something good to watch tomorrow."

"They're totally screwed this time."

"BOSS, they are GG"

Wang Guanxi smiled lightly: "Let's count the results."

"Yes, BOSS" Everyone immediately went to count today's results.

The results were soon tallied.

Jiehao Financial Group fell to HK$1.50 per share, while Blackshirt Hedge Fund shorted 600 million shares. The average opening position was around 5.00, with a floating profit of HK$3.5 per share. For 600 million shares, the floating profit was HK$2.1 billion!

The stock price of Aeon Credit Company fell to HK$3.00 per share, and the black-shirted hedge funds shorted 50 million shares. The average position was at 8.00, with a floating profit of HK$5 per share. The 50 million shares were a floating profit of HK$250 million.

Taifook Securities' stock price fell from HK$0.30 per share to HK$0.2 per share!

Blackshirt hedge funds shorted 320 million shares, with an average position near 2.50, and a floating profit of HK$2.3 per share, for a total floating profit of HK$736 million!

Sino Hotel Group,

The stock price fell from HK$1.00 to HK$0.6 per share.

Blackshirt Hedge Fund bought 200 million shares, with an average price around HK$3.50 per share, and a floating profit of HK$2.9 per share, for a total floating profit of HK$580 million.

The share price of Sino Land Group fell to HK$3.00 per share. Blackshirt hedge funds shorted 300 million shares, with a position of 7.00, and a floating profit of HK$4 per share, for a total floating profit of HK$1.2 billion.

New World Development Group's stock price fell to HK$10 per share, while black shirt hedge funds shorted 100 million shares, with an average position of HK$40.00 per share. The current floating profit per share is HK$30, for a total floating profit of HK$3 billion.

Monopoly Hotel Group's share price fell to HK$0.4 per share, and Blackshirt Hedge Fund also shorted 100 million shares. The position was established at HK$2.00 per share, with a floating profit of HK$1.6 per share. 100 million shares would be a floating profit of HK$160 million. !

The share price of Baibaoli Holdings fell to HK$0.2 per share. Blackshirt hedge funds shorted 200 million shares and established a position near HK$1.00 per share. The floating profit per share was HK$0.8. The floating profit of 200 million shares was HK$160 million.

New Century International's share price fell to HK$0.2 per share. Blackshirt hedge funds shorted 400 million shares, with a position at HK$1.00, and a floating profit of HK$0.8 per share. 400 million shares is a floating profit of HK$320 million.

In total, the black shirt hedge fund had a profit of HK$8.506 billion on its books.

The Hong Alliance, Zheng Consortium, and Huang Consortium suffered heavy losses!

Facing the possibility of collapse at any time!

Everyone was filled with joy when they thought of the miserable state of Zheng's consortium, Huang's consortium, and Hong's alliance.

At the headquarters of the New World Development Group, a subsidiary of the Zheng Group, Zheng Yuanfeng looked at the stock price of the New World Development Group with a gloomy face. His back was wet. The Zheng family had suffered such heavy losses this time.

He didn't even bother to calculate how much money he had lost.

I just know that the market value of New World Development Group is still HK$25 billion, which is a full HK$75 billion less than the previous 100 billion.

He was very, very angry inside!

This time New World Development Group encountered difficulties. The capital chain was almost broken, and the real estate projects in the mainland also suffered huge losses. If it had not been fighting with the black shirt insurance company, and 8 billion Hong Kong dollars of liquidity were trapped in the stock market, New World Development Group will not go this far.

The bank not only refuses to lend, but also calls for repayment.

"Damn Black Shirt Insurance Company, I, Zheng Yuanfeng, will definitely dismember you one day." Zheng Yuanfeng slammed the tea cup to the ground.

Now that the financial crisis has come, the Zheng Group's liquidity has dried up and it needs to sell off a large number of assets to save itself.

This is another big loss.

If Hong Tianwen, Lin Yongfu, Huang Zhiyu and others had not participated in the battle with Black Shirt Insurance Company, the Zheng Group would not have ended up in this situation.

Not only New World Development Group needs funds, Chow Tai Fook Company also needs funds.

However, a large amount of the assets of Zheng's consortium are locked up in real estate and the stock market, making it difficult to realize them.

Especially for real estate projects invested in the mainland, the houses cannot be sold now, the project payments have to be settled every day, and the income is far less than the expenditure.

Short of money!

But he also doesn't want to cash out New World Development Group's shares, because if he sells the shares, it will undoubtedly be a heavy blow to the fragile New World Development Group's share price.

He hopes to provide financing to New World Development Group.

For example, the current share price of New World Development Group is 10 Hong Kong dollars per share, and New World Development Group is short of 2 billion Hong Kong dollars. If it raises 2 billion Hong Kong dollars with other financial companies, then it will issue 200 million additional shares to these financial companies. That's OK.

But who will finance it?

Nowadays, New World Development Group is being spread by the media bought by Black Shirt Insurance Company, saying that New World Development Group's capital chain is broken, that New World Development Group's real estate projects in the mainland are unfinished, and that New World Development Group is in arrears with factory payments. Saying that New World Development Group’s houses cannot be sold...

"That bastard black shirt insurance company!"

"Nude, Huang Shaokai and Zhang Dexi, these two scumbags gave birth to children without buttholes!"

Thinking of these two bastards Huang Shaokai and Zhang Dexi, Zheng Yuanfeng felt strangely angry.

"Sue them for maliciously spreading rumors about New World Development Group and claim HK$1 billion!"

The stock price of New World Development Group has fallen so miserably for two reasons. First, the capital chain is scarce and almost broken. Second, the two executive directors of Black Shirt Insurance Company have been arranging for the media to spread rumors about New World Development Group.

"Yes, Chairman." The assistant quickly went to arrange a lawyer.

The headquarters of Hong Kong Sino Group, a subsidiary of the Wong Group.

Huang Zhida, chairman of Sino Hotel Group, and Huang Zhiyu, chairman of Hong Kong Sino Group, were also heartbroken!

The shares of Sino Hotel Group, Sino Real Estate Group, and Sha Tsim Tsui Real Estate Group all fell sharply, resulting in extremely heavy losses.

The assets of Huang's consortium have shrunk too much recently. As the heir to Huang's consortium, Huang Zhiyu's heart is bleeding.

When a piece of news comes out, it’s still the headline.

[The share prices of three listed companies under Hong Kong Sino Group have plummeted, and the capital chain may be broken]

[It is rumored that Huang's consortium consumed 10 billion Hong Kong dollars in cash flow in the war with black shirt insurance companies and is now facing bankruptcy]

"This black-shirted insurance company is still spreading rumors about us, bastard"

Huang Zhiyu slapped the table hard!

boom!

"Sue, sue, sue these bastards!"

"Damn bastard!"

"Sue them immediately, sue them to death, and ask them to pay HK$1.5 billion in compensation!"

The market value of Sino Land Group previously exceeded HK$50 billion, but now it has less than HK$16 billion left, and it has lost HK$34 billion. He was simply furious.

The market value of Tsim Sha Tsui Real Estate Group shrank from HK$36.1 billion to HK$18 billion, a loss of HK$18.1 billion!

Sino Hotel Group has HK$4 billion, and now there is still HK$720 million left.

In total, the market value has been lost up to HK$52.82 billion!

It just pissed him off.

The assistant quickly said: "Chairman, the legal team is ready, I will go and do it now."

After speaking, the assistant hurriedly left.

Huang Zhida couldn't help but cursed: "This time we were harmed by these two idiots Hong Tianwen and Lin Yongfu!"

Thinking about it, they were instigated by Hong Tianwen to fight with the Black Shirt Insurance Company, saying that they would blow up the Black Shirt Insurance Company, split it up, and everyone would make money together.

What now?

Both the Hong Alliance and the Huang Consortium were blown away by Black Shirt Insurance Company.

It's really terrible.

Thinking of this, he became more and more angry and hateful!

"This Hong Tianwen and Lin Yongfu are just fucking pigs!"

Huang Zhiyu suddenly cursed: "You are also a pig. If you were not instigated by these two pigs to fight against the Black Shirt Insurance Company, would our Huang Group be able to do this?"

"What a fucking pig head!"

Huang Zhida was immediately scolded by Huang Zhiyu and his face was full of shame.

But damn, I have a pig head, and you have a pig head too!

But now Huang Zhiyu is angry, and he does have a lot of responsibility for this matter, so he doesn't refute.

·

At this moment, Hong Tianwen, who had formed a good financial group, was heartbroken.

Now the share price of Jiehao Financial Group has dropped to HK$1.5 per share, leaving a market value of HK$6.3 billion, which is HK$14.7 billion less than the previous market value of HK$21 billion.

I have suffered a lot of losses recently.

Jiehao Financial Group is indeed facing huge problems, and now it can only rely on the investment of Washington Mutual Bank.

Jiehao Financial Group holds 120 million shares of Washington Mutual Bank, with a position of $3.50 per share. Now the stock price has dropped to $2.00 per share, with a book loss of $1.50 per share, and a total loss of $180 million.

Now these 120 million shares of Washington Mutual Bank have been lent to Blackshirt Investment Bank to short Washington Mutual Bank. Even if Hong Tianwen wants to close the position, he will have to wait for Blackshirt Investment Bank to close the position and sell the 120 million shares. Just give the stock back to him.

Now Washington Mutual Bank is still in difficult negotiations with buyers. He hopes to obtain a premium acquisition so that his Jiehao Financial Group will not continue to suffer huge losses.

"Hopefully, the purchase price is $4.00 per share, so I can make some money back."

"Oh, this damn blackshirt insurance company!"

He really regretted it now. He had always wanted to blow up the anus of the black shirt insurance company, but now his own anus was about to be broken.

At this moment, Lin Yongfu of Daifuku Securities Company was completely desperate. He looked at the stock price chart with a pale face, and his back was soaked. He was obviously scared to the point of breaking out in a cold sweat.

He stared at the ceiling expressionlessly, as if waiting for his fate to be judged.

Taifook Securities, with a previous market value of HK$5.2 billion, has now dropped to HK$0.20 per share. The total share capital is 2.08 billion, leaving a market value of HK$416 million, and the market value has shrunk by HK$4.884 billion.

What else can be said now?

He extremely regretted the fight with Black Shirt Insurance Company.

I thought I could easily blow up the black shirt insurance company, but I didn't expect the anus of Daifuku Securities Company to explode.

"Oh, I shouldn't have listened to Hong Tianwen before. He said that he destroyed the black shirt insurance company and acquired the black shirt investment bank at a bargain price. Now it is true that Daifuku Securities has been acquired at a bargain price."

"Damn it, I'm not willing to give in!"

Lin Yongfu felt extremely regretful and slapped himself hard.

Snapped!

A hard slap in the face.

Aeon Credit Company, Yuan Kang also collapsed and despaired.

The share capital of Aeon Credit Company is 400 million shares. The previous market value was as high as HK$3.2 billion. Now the stock price has dropped to HK$2.00 per share, leaving a market value of HK$800 million, a decrease of HK$2.4 billion.

The Yuan family fund suffered heavy losses. He smoked cigarettes one puff after another.

This time Aeon Credit Company may be doomed.

They previously loaned Hong Tianwen 1 billion Hong Kong dollars, and then Jiehao Financial Group transferred him 300 million Hong Kong dollars, but it was not enough to fill the hole.

In addition, many of Aeon Credit Company's credit businesses have begun to default, and it is simply unlucky to be paralyzed.

"Oh, bastard"

"If I had known earlier, I shouldn't have gotten involved. Now I've dragged the Yuan family into trouble."

"My father Yuan Ziqian is also true, alas!"

"Grass!"

As he spoke, he kicked the table hard.

The Luo family, Luo Baowen, and Luo Yinghui completely collapsed.

Luo Yinghui was seen sitting sluggishly on the sofa stool, looking extremely negative and depressed, with a sad face, and seemed to be much older.

Monopoly Hotel Group, with a total share capital of 800 million, had a previous market value of HK$1.6 billion. Now its stock price has dropped to HK$0.4 per share, leaving a market value of HK$320 million, a decrease of HK$1.28 billion.

Baibaoli Holdings has a total share capital of 1.1 billion shares. Its previous market value was HK$1.1 billion. Now its stock price has dropped to HK$0.2 per share, leaving a market value of HK$220 million, a decrease of HK$880 million.

New Century International has a total share capital of 3.2 billion shares and a previous market value of HK$3.2 billion. Now its stock price has dropped to HK$0.2 per share, leaving a market value of HK$640 million, a decrease of HK$2.56 billion.

A total of 4.72 billion Hong Kong dollars was lost!

"Ruined"

"Oh, I never thought that I, Luo Yinghui, would end up like this!"

Luo Yinghui sighed deeply, feeling extremely regretful.

At this time, the phone rang. It was Luo Yingqiang. Luo Yinghui knew that he was here to ask for money, but he didn't answer.

Luo Baowen's phone also rang. It was Luo Yingkang. This was her second uncle, so she answered the call.

Still asked for money, but there was none.

So Luo Yingkang asked Luo Baowen and Luo Yinghui to sign the contract. The terms were that the company would take it away immediately and the money owed would still have to be paid back.

Let Luo Yinghui pay it back slowly from now on!

Luo Baowen even cried and didn't know what to say for a moment.

Soon the uncle and the second uncle came here with lawyers, and then signed a contract, letting Luo Yinghui temporarily owe money, and he would pay it back whenever he had money, and he could not apply for bankruptcy.

Monopoly Hotel Group, Baibaoli Holdings Company, and New Century International Company were all taken away.

Several companies, including three listed companies, whose cash flow had long since dried up, were also taken away.

They are Regal Real Estate Trust Company, Sihai International Group, Eternal Strategy, Jiahui Investment Holdings Company, and Huaxia Star Group.

These five companies are all subsidiaries of Monopoly Hotel Group, Baibaoli Holdings, New Century International Corporation, or subsidiaries of United Holdings.

Luo Yingqiang said: "Lao San, don't blame me, now the Yingjun Group has also been killed by you!"

Luo Yingkang also said: "Lending you 1.2 billion Hong Kong dollars this time has caused a big problem in the cash flow of Yingjun Group. In addition, the stock price of Yingjun Group has also plummeted, causing heavy losses!"

"This time we also specially borrowed a lot of money from HSBC to save the company."

"Now we have taken away these eight companies, and they will become subsidiaries of Yingjun Group from now on."

"You still have some shares."

"So be it"

Luo Yingkang and Luo Yingqiang did not sympathize with Luo Yinghui at all, and left after speaking.

For Luo Yinghui and Luo Baowen, this day was an incomparable torment, and the days felt like years.

Time flies by.

In the evening, the U.S. stock market opens.

The stock market plummeted!

Panic is spreading in the market!

Morgan Stanley fell 24.2% and Goldman Sachs fell 13.9%, with both stocks recording their largest one-day losses in history.

[Lest the crisis worsens, the Dow hits a new low in nearly three years]

The tightening in credit markets has heightened investor fears of a further worsening of the crisis in the financial sector.

As of the close, the S\u0026P 500 Index fell 57.20 points to close at 1156.39 points, a decrease of 4.71%. Among the 10 major S\u0026P industry sectors, financial stocks led the decline, falling 9.2%.

The Nasdaq Composite Index fell 109.05 points to close at 2098.85 points, a decrease of 4.94%. This is the first time the Nasdaq has suffered a triple-digit decline since the September 11 attacks in 2001.

The Dow Jones Industrial Average fell 449.36 points to close at 10,609.66 points, setting a new low since November 9, 2005, with a decrease of 4.06%. The Dow Jones Industrial Average fell more than 800 points this week, a drop of 7%.

All 30 components of the Dow Jones Industrial Average fell.

American International Group (AIG) led the decline, falling 45.3% to $38 per share!

The U.S. government acquired 79.9% of American International Group (AIG), effectively taking over the company.

AIG received $85 billion from the Fed, but the loans must be repaid within two years and carry an interest rate 8.5% above the London Interbank Offered Rate (Libor).

Libor is an important indicator of short-term borrowing and lending.

This is no different from loan sharking. In order to save itself, AIG Group frantically sold assets and repaid the loan from the Federal Reserve.

Washington Mutual's stock fell to $1.50 a share!

Blackshirt Insurance Company shorted American International Group, Blackshirt Investment Bank shorted Washington Mutual Bank, and the profits on their books continued to increase.

The floating losses on the books of Industrial Trust Investment Bank of India, India Private Pension Fund, and India's Tata Consortium are increasing.

The Indians called and wanted to negotiate with Blackshirt Insurance Company and Blackshirt Investment Bank. They would settle according to the market price and everyone would close their positions.

But it was rejected by the Blackshirt Group.

Sandeep Batra, Ratan Tata and Nehru were very angry!

"These damn Chinese people"

"Damn it, why don't these Chinese people close their positions?"

"The AIG Group has been rescued by the US government and will not go bankrupt. Why don't they close their positions?"

Because Black Shirt Insurance Company did not close its position, Industrial Trust Investment Bank of India, and Indian private pension funds could not close their positions on AIG Group.

The Tata Consortium is worried that the stock price will plummet further after closing its position, and hopes that Black Shirt Insurance Company can close its position first.

In Washington Mutual Bank, Sandeep Batra wanted to close his position, but he was also worried that the plummeting share price of Washington Mutual Bank would affect Washington Mutual Bank's negotiations with buyers.

Washington Mutual, the largest savings bank in the United States, is actively seeking a buyer to avoid the risk of bankruptcy.

New York Times: Washington Mutual has hired Goldman Sachs and Morgan Stanley to engage with possible sellers.

Wall Street Journal: Wells Fargo, HSBC and J.P. Morgan Bank Group have expressed interest in acquiring the bank. It is likely that Morgan Bank is the most likely to acquire the bank.

However, Washington Mutual's major shareholder TPG (TPG Investments) announced that it agreed to the bank's search for new sources of funds, even if this would dilute TPG's equity.

TPG is one of the world's largest private equity investment institutions, managing more than US$100 billion in assets.

TPG invested US$7 billion in Washington Mutual five months ago. According to the equity agreement, if Washington Mutual introduces other major investors or is acquired, TPG will receive hundreds of millions of dollars in additional compensation.

TPG gave up this right that day, thus clearing the way for the acquisition.

Bloomberg: The acquisition of Washington Mutual Bank has long been expected by the industry. The bank lost $6.3 billion last quarter and expects to write down $4.5 billion in subprime-related assets this quarter. The bank expects subprime-related losses to total $19 billion by 2011.

Washington Mutual's stock price has fallen 94% in the past year.

Ratings agencies including Moody's and Standard \u0026 Poor's this week downgraded the bank's debt to "junk status."

Ryan Smith, executive director of Blackshirt Investment Bank and former president of the investment banking department of Lehman Brothers, claimed: The current balance sheet of Washington Mutual Bank is still not transparent and clear. Unless the bank can fully disclose the losses related to subprime mortgages, it will be difficult to find buyer.

Sandeep Batra couldn't help but ask: "Do you think Washington Mutual Bank will be acquired?"

This black-shirted investment bank shorted Washington Mutual and is now publishing negative news. What a bastard!

At this critical moment, the original executive of Lehman Brothers was allowed to speak.

This time, Industrial Investment Bank of India competed with Blackshirt Investment Bank in Washington Mutual Bank, buying 120 million shares of Washington Mutual Bank, with a position of $3.00 per share.

Now the stock price has dropped to US$1.50 per share, and there is a floating loss of US$180 million on the book, which makes him very unhappy.

Especially now that the global stock market is in panic, whether Washington Mutual can be acquired at a premium now is a question.

Before, he was very sure that Washington Mutual Bank would be acquired at a high price, but after Ryan Smith, the president of the investment banking department of Blackshirt Investment Bank, held a press conference, Sandeep Batra was frightened.

Ratan Tata and Nehru were also worried.

“I don’t know”

"This AIG Group and Washington Mutual Bank may go bankrupt, paralyzed!"

The night was torturous for the three of them. They were tortured all night and could not sleep at night. They only rested the next morning.